Denmark: Twine And Cordage Market 2025

Twine And Cordage Market Size in Denmark

The Danish twine and cordage market expanded modestly to $X in 2022, rising by 2.2% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +55.5% against 2019 indices. Twine and cordage consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Twine And Cordage Production in Denmark

In value terms, twine and cordage production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 263%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Twine And Cordage Exports

Exports from Denmark

In 2022, shipments abroad of twine, cordage, rope and cables decreased by -23% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, the exports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, twine and cordage exports reduced to $X in 2022. The total export value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 26%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons), Norway (X tons) and Poland (X tons) were the main destinations of twine and cordage exports from Denmark, with a combined 39% share of total exports. Greenland, France, the UK, Faroe Islands, the Netherlands, Iceland, Lithuania, Germany, Ireland and the United States lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +43.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for twine and cordage exported from Denmark were Norway ($X), France ($X) and Sweden ($X), with a combined 35% share of total exports. Poland, Greenland, the UK, Germany, Ireland, the Netherlands, the United States, Faroe Islands, Lithuania and Iceland lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, Poland, with a CAGR of +17.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average twine and cordage export price amounted to $X per ton, with an increase of 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2018 an increase of 27%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Iceland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into Denmark

After two years of growth, purchases abroad of twine, cordage, rope and cables decreased by -3.7% to X tons in 2022. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 24% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, twine and cordage imports dropped to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Portugal (X tons), Lithuania (X tons) and Germany (X tons) were the main suppliers of twine and cordage imports to Denmark, with a combined 55% share of total imports. China, Latvia, the Netherlands, Estonia, India, Croatia, Slovakia, Norway, Sweden and Finland lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +79.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine and cordage suppliers to Denmark were Lithuania ($X), Portugal ($X) and China ($X), together accounting for 49% of total imports. Germany, the Netherlands, Latvia, Sweden, Estonia, Slovakia, Norway, Croatia, India and Finland lagged somewhat behind, together comprising a further 38%.

In terms of the main suppliers, Slovakia, with a CAGR of +78.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average twine and cordage import price stood at $X per ton in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2018 when the average import price increased by 32%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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